๐ฅ๐ฅ๐ฅ OMG BIG NEWS FOR ETHEREUM
Ethereum has "solved" the impossible triangle problem (blockchain trilemma)
Vitalik Buterin โ co-founder of Ethereum โ recently shared that after more than 10 years of development, Ethereum has achieved decentralization, consensus, and scalability at the same time, which was believed to be impossible to achieve simultaneously in traditional blockchain systems.
๐น Key points
1) Ethereum solves the trilemma with new technology
Ethereum is not just theorizing but has real code running on the mainnet with two main mechanisms:
- ZK-EVM: Ethereum virtual machine with zero-knowledge proofs, helping to reduce costs and speed up block verification.
- PeerDAS (Peer Data Availability Sampling): allows nodes to sample small data to verify, without needing to download all blocks, helping to increase throughput while maintaining decentralization.
2) Performance has improved significantly
- The time to generate ZK proofs has decreased from minutes to a few seconds, and costs are much lower, making the network ready to handle large-scale processing.
- PeerDAS is live on the mainnet, paving the way for expansion.
3) Prioritizing security & the next development path
The Ethereum Foundation aims for 128-bit security by the end of 2026 and asserts that it will not compromise safety for performance.
Vitalik also warns the community not to chase short-term trends but to focus on sustainable applications, independent operations, and maintaining a trustless nature.
#Ethereum #VitalikButerin #anhdevcapital